Quick facts: El dorado hills, CA

Quick Facts

150.3
Cost of Living
above US average
49,082
Population
2.51
Crime Rate per 1000
below US average
$156,126
Median Income
above US average
$790,000
Median House Price
above US average
$3047.35
Average Rent
above US average
4%
Poverty Rate
below US average
3.6%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $156,126.

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Income Needed to Buy

βœ— Stretch
$248k/year
Based on $790,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $248k vs median $156,126
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Income Needed to Rent

βœ“ Affordable
$131k/year
Based on $3047.35/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($156,126) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for El dorado hills, CA

El Dorado Hills is an upscale community located in El Dorado County, California, just east of Sacramento. Known for its stunning views of the Sierra Nevada foothills, this charming suburb features a blend of suburban living and outdoor recreational opportunities. The area is characterized by its luxurious homes, well-maintained parks, and a strong sense of community. El Dorado Hills offers a variety of amenities, including shopping centers, restaurants, and schools, making it a desirable place for families. The local community is active, with numerous events and activities throughout the year. Outdoor enthusiasts can enjoy hiking and biking trails, as well as nearby Folsom Lake for water sports and fishing. The community is served by the El Dorado Union High School District and several elementary schools, contributing to its appeal to families. In addition to its beautiful scenery and recreational opportunities, El Dorado Hills boasts a low crime rate, making it a safe environment for residents. Overall, El Dorado Hills is a beautiful and vibrant area with a mix of suburban comfort and natural beauty.

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